Usually means: Control over prices and competition.
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We found 8 dictionaries that define the word market power:

General (3 matching dictionaries)
  1. market power: Longman Dictionary of Contemporary English
  2. market power: Wiktionary
  3. Market power: Wikipedia, the Free Encyclopedia

Business (5 matching dictionaries)
  1. market power: Glossary of research economics
  2. Market power: Deardorff's Glossary of International Economics
  3. Market power: Financial dictionary
  4. Accounting, Business Studies and Economics Dictionary (No longer online)
  5. BusinessDictionary.com (No longer online)

Definitions from Wiktionary (market power)

noun:  (economics) The ability of a firm to profitably raise the market price of a good or service over marginal cost; also, the ability to raise it even further above marginal cost than it already is, even despite competitors' attempts to undersell.

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